Investing.com -- Royal Bank of Canada and Bank of Montreal are considering selling their jointly owned payments processor, Moneris, in a deal that could fetch as much as $2 billion, according to Reuters, citing people familiar with the matter. The move comes as the banks weigh options for the business they founded together in 2000. Moneris is one of Canada’s largest payment processors, handling ...
By Nathan Gomes (Reuters) -Deere & Co reported a drop in third-quarter profit on Thursday and warned of a bigger tariff hit than previously expected, sending shares of the farm-equipment maker down 7% in morning trade. U.S. President Donald Trump’s sweeping tariffs have impacted companies across sectors, especially the manufacturing and industrial firms that rely significantly on imported ra ...
Investing.com -- S&P Global Ratings has upgraded Rolls-Royce PLC to ’BBB+’ from ’BBB’ with a stable outlook, citing sustained improvements in profitability and cash flow generation. The rating agency expects Rolls-Royce’s free cash flow to increase to approximately £3.0 billion in 2025 from £2.6 billion in 2024. The company already generated £1.6 billion in free cash flow during t ...
Investing.com -- S&P Global Ratings has downgraded Danish energy company Orsted A/S by one notch to ’BBB-’ from ’BBB’ due to challenges in executing its strategy and limited flexibility in capital expenditure. The rating agency cited Orsted’s inability to sell 50% of its U.S.-based Sunrise Wind project as planned, which follows other negative developments in its offshore operations. ...